NESTLEINDNSENestle India Limited· Food And Food ProcessingMediumNeutral
Announced Fri, 30 Jan · 14:20 IST

Nestle India Limited has informed the Exchange about: a) appointment of Mr. Edouard Dominique Jean Mac Nab as an Additional Director and Whole-time Director (KMP); b) recommended to the members the appointment of Mr. Jagdeep Singh Marahar, as a Whole-time Director (KMP) w.e.f. 1st June 2026, and appointment of Mr. Jagdeep Singh Marahar as Head of Technical (KMP) w.e.f. 1st May 2026; and c) recommended to the members the appointment of Mr. Mandeep Singh Chhatwal as Non-Executive Directors w.e.f. 1st January 2026.

Management Changes View source PDF

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AI summary

Nestle India has informed the exchange of three board-level changes. Mr. Edouard Dominique Jean Mac Nab has been appointed as an Additional Director and Whole-time Director (KMP). Additionally, the company has recommended the appointment of Mr. Jagdeep Singh Marahar as Whole-time Director (KMP) effective 1st June 2026, who will also serve as Head of Technical (KMP) from 1st May 2026. Furthermore, Mr. Mandeep Singh Chhatwal has been recommended for appointment as Non-Executive Director effective 1st January 2026. All recommendations are subject to shareholder approval.

Likely market impact

These are routine board restructuring updates with no negative implications. The appointments strengthen the leadership team across technical and operational functions, suggesting continuity in management. Shareholders will need to approve the recommended appointments at the upcoming general meeting.